Budgeting
Learn how to plan, save and manage your money during your time at BU!
Build Your Budget
A budget helps you understand how much money you have and how you spend it each month. It helps you stay organized and avoid overspending.
Track Your Expenses
- Food
- Transportation
- School Supplies
- Personal spending
Example Monthly Budget
| Category | Amount |
|---|---|
| Food | $300 |
| Transportation | $100 |
| Personal | $100 |
Smart Ways to Save
The 50/30/20 rule is a simple way to divide your money:
- 50% for needs
- 30% for wants
- 20% for savings
Saving Tips
- Use student discounts
- Buy used textbooks
- Cook instead of eating out
- Avoid impulse purchases